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PrivateBancorp (NASDAQ:PVTB) has been given an average recommendation of “Hold” by the twelve ratings firms that are presently covering the company, AR Network reports. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $31.75.

Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of PrivateBancorp in a research note on Monday, July 21st. They now have a $34.50 price target on the stock, up previously from $33.50. Separately, analysts at DA Davidson raised their price target on shares of PrivateBancorp from $31.00 to $32.00 in a research note on Friday, July 18th. They now have a “neutral” rating on the stock. Finally, analysts at Sterne Agee upgraded shares of PrivateBancorp from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 9th.

PrivateBancorp (NASDAQ:PVTB) opened at 28.83 on Friday. PrivateBancorp has a 1-year low of $20.59 and a 1-year high of $31.66. The stock’s 50-day moving average is $28.89 and its 200-day moving average is $28.70. The company has a market cap of $2.251 billion and a P/E ratio of 15.62.

PrivateBancorp (NASDAQ:PVTB) last issued its quarterly earnings data on Thursday, July 17th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.08. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, analysts predict that PrivateBancorp will post $1.91 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.14%. The ex-dividend date is Friday, September 12th.

PrivateBancorp, Inc (NASDAQ:PVTB) is a holding company of the PrivateBank and Trust Company (the Bank).

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